Skywest soars to highest in about a year after results beat

SkyWest

28/04/2023 17:18

** Shares of Skywest  SKYW.O  surge Fri and last up 20.6% to
highest levels in about a year, after the regional airline
reported stronger-than-expected quarterly results late Thurs
    ** Stock on track for biggest daily pct increase in about
three years
    ** Q1 rev of ~$692 mln topped Street view of $668.6 mln,
while adj loss of 45 cents/sh narrower than loss of 56 cents/sh
expected, per Refinitiv data
    ** The stock was last at $29.02, while the median 12-mo
price target for SkyWest Inc is $21.50 - Refinitiv 
    ** Skywest also said it anticipates adding two E175 aircraft
in Q4 2023 and one E175 aircraft in 2024 under a flying contract
with Delta Air Lines  DAL.N 
    ** Including the session move, SKYW is up about 76% YTD,
compared with about a 16% gain in the Nasdaq  .IXIC 


 (Reporting by Caroline Valetkevitch)
 ((caroline.valetkevitch@thomsonreuters.com))